BUSINESS AND FINANCE

1) Explain the five levels of influence that stabilize a society’s institutional framework, according to C E Ayres. (3)

2) What is the general purpose of conspicuous behavior, and how has conspicuous behavior changed over time? What consequence for societies results from people’s tendency towards conspicuous behavior? (3)

3) How is the ceremonial-instrumental dichotomy of institutions reflected within companies? What follows for the relation of businesses and society in general? (3)

4) How does Marx’s understanding of economy and society differ from the equilibrium perspective of the classical economists? (2)

5) Briefly explain, which are the main inherent weaknesses of capitalist systems according to Marx? (4)

6) Where is the imbalance of power rooted in a capitalist system in a Marxist view? How does power expand beyond the economic sphere? (3)

7) What is the role of government in the Marxist view? (1)

8) How is the concept of exploitation explained in the Marxist system? (2)

9) Galbraith points out possible weaknesses of the Marxist analytical system. Explain two of these. (3)

10) Give an economic example for the fallacy of composition. Describe the fallacy of composition in general terms first. (3)

11) Outline Keynes’ explanation for persistent involuntary unemployment. (3)

BUSINESS AND FINANCE

When faced with a problem, what do you do to solve it? This assignment asks you to apply a six-step to problem solving process to a specific problem scenario. You will write a paper that presents a synthesis of your ideas about solving the problem using this systematic approach. As Voltaire said, “No problem can withstand the assault of sustained thinking.”

Choose one (1) of the problem scenarios as a topic choice for your paper (Note: Your professor must approve your topic choice before you begin work on the assignment.)

Scenario 1: You have worked at your company for eleven (11) years. You have returned to college to earn a Bachelor’s degree in order to increase your chances for a promotion. You are nearly finished with your degree, when a supervisor’s position in a competing company becomes available in another state. The start date is in two (2) weeks, during your final exam period for your courses. The position offers a $15,000 per year salary increase, a car allowance, and relocation expenses. Your former supervisor works for the company and is recommending you for the position based on your outstanding job performance; if you want the job, it’s yours. All of the other supervisors at this level in the company have Master’s degrees, so you know that you would be expected to earn your Bachelor’s degree and continue on to a Master’s degree. Your present company offers tuition reimbursement, but the new company does not.

Review the six-step problem solving process outlined in the webtext, based on the article “The Problem Solving Process” located at http://www.gdrc.org/decision/problem-solve.html:

  • Step One: Define the problem
  • Step Two: Analyze the problem
  • Step Three: Generate options
  • Step Four: Evaluate options
  • Step Five: Make your decision
  • Step Six: Implement and reflect

Write a four to five (4-5) page paper in which you:
1. Define the problem in the scenario that you have chosen.
2. Analyze the problem in the scenario.
3. Generate options for solving the problem in the scenario.
4. Evaluate the options for solving the problem.
5. Decide on the best option for solving the problem.
6. Explain how you will implement the decision made and reflect on whether this option was the most effective.

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